|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||38.03|
|Dividend & yield||0.21 (1.53%)|
|1y target est||25.40|
Like copper-mining peers Freeport-McMoRan and Turquoise Hill Resources, Antofagasta mines byproducts like gold. ANTO also has transportation operations.
Tighter copper supply and an increase in refining capacity in top-consumer China should result in lower treatment and refining charges (TC/RCs) by smelters, the chief executive of Chilean miner Antofagasta PLC (Other OTC: ANFGF - news) told Reuters on Monday. Last week, sources told Reuters that China's largest smelters had raised their minimum charges to turn concentrate into refined metal by up to 10 percent for the fourth quarter, more than most traders had expected. While Chile is the world's largest copper producer, followed by neighboring Peru, 48 percent of global copper smelting capacity is in Asia, mostly in China and Japan, according to the Thomson Reuters Eikon Metals Fundamentals Database.
Tighter copper supply and an increase in refining capacity in top-consumer China should result in lower treatment and refining charges (TC/RCs) by smelters, the chief of Chilean miner Antofagasta PLC (Other OTC: ANFGF - news) told Reuters on Monday. Last week, sources told Reuters that China's largest smelters had raised their minimum charges by up to 10 percent for the fourth quarter, more than most traders had expected.
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Chilean miner Antofagasta more than tripled its interim dividend on Tuesday after a rally in copper prices boosted first-half earnings, lifting its shares to a four-year high. The shares jumped as much ...
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Chilean copper producer Antofagasta said on Tuesday that first half profits jumped by more than 80 percent on a higher copper price, adding it was on track to meet annual targets. Earnings before interest, ...
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Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Wednesday production in the first half rose 7.1 percent and kept its full-year cost and output guidance after talks to avert strike action. Copper prices have rallied this month as the global market is increasingly seen close to balanced, compared with expectations of a surplus at the start of the year, after an Indonesian strike and contract negotiations at Chile (Stuttgart: 704599.SG - news) 's Escondida interrupted supply from the world's top two mines. New (KOSDAQ: 160550.KQ - news) labour laws in Chile, combined with still relatively low prices, have stoked fears of more widespread labour disputes, but Antofagasta averted strike action last week when it signed a wage deal with workers.
Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Wednesday that copper production in the first half was 7.1 percent higher than in the first half of 2016. The forecast for costs for the full year was unchanged, with cash costs before credits for by-products expected to be $1.55 per pound and net cash costs of $1.30 per pound. Antofagasta CEO Ivan Arriagada said the company had continued its focus on improving efficiencies and savings.
Copper miner Antofagasta (LSE: ANTO.L - news) has signed a wage deal with workers at its Zaldivar deposit in Chile (Stuttgart: 704599.SG - news) , the company and the union said on Monday, averting threatened labor action. "The new collective contract recognizes the benefits that the workers had and also makes a decided move to focus on productivity," Zaldivar, a division of Antofagasta (Other OTC: ANFGF - news) , said in a statement, without giving further details of the deal. Zaldivar's union had voted this month to strike but delayed walking off to engage in government-mediated negotiations as mandated by Chilean law.
Chile's Antofagasta has signed a wage deal with workers at its Zaldivar copper mine, the company and the union said on Monday, calming fears of a possible labor action. "The new contract recognizes ...
Union-represented workers and management at Antofagasta (Other OTC: ANFGF - news) 's Zaldivar copper mine failed to reach a wage deal on Thursday and they agreed to extend government-mediated talks into next week, the union said. Antofagasta did not immediately respond to requests for comment. Zaldivar produced just over 100,000 tonnes of copper last year, out of the 5.5 million tonne total produced by Chile (Stuttgart: 704599.SG - news) , the world's top producer.
Chilean mining company Antofagasta (Other OTC: ANFGF - news) said on Friday it had reached a new wage agreement with supervisors at its Centinela copper mine, defusing the risk of a strike amid a volatile labor landscape in the South American country. The supervisors' union voted to strike in early July, but instead of downing tools immediately, entered a new round of government-mediated negotiations with the company as required by law. "The agreement, which was reached during the mediation phase, will be formalized today, July 14," Antofagasta said in a statement.
Workers at the Zaldivar copper mine in Chile (Stuttgart: 704599.SG - news) , owned by Antofagasta Plc (Other OTC: ANFGF - news) and Barrick Gold Corp, will resume talks with Antofagasta after voting to strike earlier this week, the union said on Thursday. Zaldivar's workers have the same legal adviser as the union at Chile's Escondida mine, the largest copper mine in the world, where workers went on strike for more than 40 days earlier this year. New (KOSDAQ: 160550.KQ - news) labor laws have emboldened workers as low copper prices have resulted in less generous contract offers.
Workers at the Zaldivar copper mine in Chile (Stuttgart: 704599.SG - news) , owned by Antofagasta (Other OTC: ANFGF - news) and Barrick Gold (Hanover: ABR.HA - news) Corp, voted to approve a strike on Monday after talks with the company failed, a union leader told Reuters. "We still need the official vote for the city of Antofagasta," said union president Raul Torres, referring to a city where many of Chile's copper miners live. Antofagasta, which manages labor relations at Zaldivar, declined to comment on the union vote, but said it would continue to work within the guidelines established by law.
Mines in northern Chile have suspended key operations after heavy rains lashed the high altitude desert region of Antofagasta overnight and into Wednesday, companies told Reuters. BHP Billiton's Escondida, ...
Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile (Stuttgart: 704599.SG - news) , and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5-megawatt Javiera solar park in north-central Chile to Atlas Renewable Energy, a Latin America-focused solar platform launched in March by English private equity fund Actis.
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Jaqueline Jimenez shows her hands covered with dust from heavy metals, at the building where she used to live opposite the port of Antofagasta, in northern Chile
Chilean copper producer Antofagasta (Other OTC: ANFGF - news) said on Wednesday copper production for the first quarter rose 9 percent on an improved performance at two of its mines and it kept its output target for the year unchanged. Copper production for the miner reached 171,900 tonnes, a 9.4 percent increase to a year ago but fell 16.4 percent compared to the previous quarter due to lower grades. Antofagasta stuck to its 2017 output target at 685,000-720,000 tonnes.